Quarterly report [Sections 13 or 15(d)]

Income per Common Share

v3.25.1
Income per Common Share
 3 Months Ended
Feb. 28, 2025
Earnings Per Share [Abstract]  
Income per Common Share

Note 6 – Income per Common Share

The following table sets forth the calculation of basic and diluted net income per common share:

 

 

 

 

Three Months Ended

 

 

 

 

February 28, 2025

 

 

February 29, 2024

 

Numerator:

 

 

 

 

 

 

 

Net income

 

 

$

282,855

 

 

$

556,241

 

Denominator:

 

 

 

 

 

 

 

Weighted-average shares outstanding-basic

 

 

 

8,082,159

 

 

 

8,277,844

 

Dilutive common shares issuable upon exercise of
   stock options

 

 

 

117,863

 

 

 

47,183

 

Weighted-average shares-diluted

 

 

 

8,200,022

 

 

 

8,325,027

 

Income per share:

 

 

 

 

 

 

 

Basic

 

 

$

0.03

 

 

$

0.07

 

Diluted

 

 

$

0.03

 

 

$

0.07

 
For the three months ended February 28, 2025, the Company excluded the effect of 552,400 outstanding options from the computation of diluted earnings per share, as the effect of potentially dilutive shares from the outstanding stock options would be anti-dilutive. For the three months ended February 29, 2024, the Company excluded the effect of 758,678 outstanding options from the computation of diluted earnings per share, as the effect of potentially dilutive shares from the outstanding stock options would be anti-dilutive.